During 2020 Nickel Company started a construction job with a contract price of 53,500,000. The job was completed in 2022 Nickel uses the percentage of completion method of accounting for long-term contrats 2020 $275,000 2021 $750,000 2022 $1.500.000 Costs incurred to date Estimated costs to complete Billings to date Collections to date $1 100 000 5750,000 5850,000 $1,350.000 $750,000 $950,000 SO $1,700.000 $2.100.000 Given the following information, prepare the journal entries for 2020. For the APE ALTFILM 5